8-month savings deposit, top 4 banks with highest savings interest rates

Recorded by PV Lao Dong (9:00 a.m. on October 8, 2023) at nearly 30 banks in the system, the group of banks listed the highest interest rates such as: PVcombank (6.4%/year), NCB (6.3%/year), VietABank (6.1%/year), CB (6.1%/year)...

Currently, PVcomBank is listing 8-month term interest rates ranging from 6.13 - 6.4%. Of which, customers receive the highest 8-month term interest rate of 6.4%/year when making online savings deposits and receiving interest at the end of the term.

In addition, PVcomBank is offering the highest interest rate of 6.8%/year when customers deposit savings for terms of 18, 24, and 36 months.

PVcomBank savings interest rate table on October 8, 2023. Screenshot.

NCB is listing interest rates for 8-month terms ranging from 5.9 - 6.3%/year. Of which, customers receive the highest savings interest rate of 6.3%/year when depositing in An Phu savings account and receiving interest at the end of the term. Customers receiving interest for 1 month receive an interest rate of 6.18%/year.

NCB is listing the highest savings interest rate of 6.4%/year when customers deposit savings at An Phu for 12 - 36 months.

NCB bank savings interest rate table on October 8, 2023. Screenshot.

VietABank is listing the highest interest rate for an 8-month term at 6.1%/year when customers deposit savings online and receive interest at the end of the term. Customers who receive interest monthly receive an interest rate of 5.99%/year. VietABank is listing the highest interest rate of 6.5%/year when customers deposit savings for terms of: 18, 24, 36 months.

VietABank savings interest rate table on October 8, 2023. Screenshot.

Also for this term, CBBank listed the highest interest rate at 6.1%/year when customers deposit savings online. CBBank is listing the highest interest rate at 6.4%/year when customers deposit savings online for a term of 13 months or more.

CBBank savings interest rate table on October 8, 2023. Screenshot.

Below is a comparison table of 8-month savings interest rates compiled by Lao Dong Newspaper reporters on October 8 in a system of nearly 30 banks, readers can refer to:

Save 500 million, how much money will you receive after 8 months?

You can refer to the interest calculation method to know how much interest you will receive after saving. The interest calculation formula is as follows:

Interest = Deposit x deposit interest rate %/12 x number of months of deposit

For example, you deposit 500 million VND in Bank A, for 8 months and enjoy an interest rate of 6.4%/year, the interest received is as follows:

500 million VND x 6.4%/12 months x 8 months = 21.33 million VND.

* Interest rate information is for reference only and may change from time to time. Please contact the nearest bank transaction point or hotline for specific advice.

Readers can refer to more articles about interest rates HERE.

Source